Larry Kudlow Blames the Poor

Larry Kudlow proves once again that hes nothing more than a right wing, free market, Milton Friedman hack that just lies at will. Doesnt he have a conscience? NopeIts never the big money freepers that horde the wealth of this country and have no restrictions on what they can do thanks in part to Mr Deregulation himself, John McCain.

Category:

News & Politics

Tags:

• Larry
• Kudlow
• Poor
• Subprime
• Credit
• Crunch

[objectivistathlete]

Larry Kudlow isn't blaming the poor - he's blaming the government for screwing over the poor!

[Shad3251]

@chuck3377 What the hell does it have to do with homosexuals? How about Christians? That's the REAl plague.

[chuck3377]

Homosexual right wing fascists blaming people for what has been done to them by corporate fascism. The ridiculus criminal fraud was purportrated under direct supervsion of bush admin in order to create a crash to have an excuse to get rid of pensions, jobs, unions, social security, medicare, all taxpaid programs EXCEPT military police tsa state.

[ninuxy]

Community Reinvestment Act only applies to the banks or loans from the banks that comply with restricted measures, meaning, under the law, the underwriter, e.g. Fannie Mae, etc., CANNOT originate a Subprime or ALT-A loan.

Those toxic assets made up of Subprime mortgages were issued and packaged by the Wall Street and resold to everyone in the market.

NO BANK WAS FORCED TO MAKE ANY BAD LOAN BY THE GOVERNMENT.

What part of that you don't fucking understand Kudlow cocksucker?

[PFB1994]

Larey Kudlow is delusional. He apparantly has no understanding of the financial crisis. Banks loved sub-prime loans, because they could repackage them and sell them. They were easier to hand out, therefore easier to repackage. The more loans , the more profit.

Waiting for people to come up with 25% downpayments woud stall profits at the banks! They weren't about to stall easy profit, Larry! Wake Up, Larry! It's over.

[lordhighexecutioner]

No one forced the banks to do anything of the sort! Forcing the banks! The banks managed to thwart financial regulations, to thwart a bill to regulate them, and we are supposed to believe they were strong-armed into lending to poor people?

[pjamesbda]

then it was a simple matter to for financial industries to bet on them to fail, and then pushed as many people into the net as they could before they hauled it in. In so doing, they sucked EVERY dollar out. They sold these loans to people who had saved all their lives. Robbed pensions, and annuities. The suffering is legion, and there will be blood!

[pjamesbda]

@dukee155 - did I watch it. Of course. What did you see? I saw a stuff shirt who hasn't done an honest days work in 30 years saying that the gov. forced banks to lend to the poor. Of course they did. But they didn't cause the economy to crash. That took years of abuse against the working class, with stagnated wages and no health care! Then it held out hope for a decent life while shipping those workers companies and jobs over seas.

[dukee155]

@cronaldo7manchester Who was the one who forced these banks to give out loans to people who cannot afford it? I am sure that Goldman can figure out that poor people cannot pay back the loans. May I add why don't we hang you from the telephone wire on a metal wire, in the middle of Florida, in August you anti-semi prick.

[dukee155]

@pjamesbda Did you watch the video? He blamed it on the rich members of congress.